Doing Business

Section 3 Policy

Section 3 of the Housing and Urban Development Act of 1968, as amended by the Housing and Community Development Act of 1994, requires that, to the greatest extent feasible, employment and other economic opportunities generated by HUD funds be directed to low- and very low-income residents, particularly those who are recipients of government assistance for housing, and business concerns that provide economic opportunities to low- and very low-income persons as defined in 24 CFR 135.1.